RWE AG
DGAP Post-admission Duties announcement: RWE Aktiengesellschaft
/ RWE Aktiengesellschaft / Announcement in accordance with Article 5(1a) of Regulation (EU) 596/2014 and Article 2 of Delegated Regulation (EU) 2016/1052 of the Commission of 8 March 2016
Announcement in accordance with Article 5(1a) of Regulation (EU) 596/2014 and Article 2 of Delegated Regulation (EU) 2016/1052 of the Commission of 8 March 2016
The acquisition of these shares serves the sole purpose of meeting obligations arising from an employee share programme of RWE Aktiengesellschaft within the meaning of Article 5 (2c) of Regulation (EU) No. 596/2014. The actual number of shares to be purchased up to the maximum volume of 500,000 will depend on employee participation in the employee share programme.
This announcement relates to the acquisition of shares for the employee share programme in Germany. The share buyback for the employee share programme in the UK as announced on 2 January 2020 remains unaffected. The buyback will be implemented under the lead of a bank, which will reach its decision on the timing of the acquisition of the shares independently and without being influenced by RWE Aktiengesellschaft in accordance with Article 4(2b) of Delegated Regulation (EU) 2016/1052 of the Commission of 8 March 2016. RWE Aktiengesellschaft will thus not influence the decisions of the bank. In so doing, the bank will be bound to the provisions applicable to buyback programmes of Regulation (EU) No. 596/2014 and Articles 2 to 4 of Delegated Regulation (EU) 2016/1052 of the Commission of 8 March 2016. The buyback will be exclusively conducted via the XETRA trading system of the Frankfurt Stock Exchange. No orders will be issued during an auction phase, and the orders issued before the beginning of an auction phase will not be changed during such phase. The shares in RWE Aktiengesellschaft will be acquired at market prices in accordance with the trading provisions stipulated by Article 3 of Delegated Regulation (EU) 2016/1052 of the Commission of 8 March 2016. Accordingly, the shares in RWE Aktiengesellschaft will not be acquired at a price exceeding the higher of the last independent transaction and the current highest bid on the trading platform on which the acquisition is made. Furthermore, on any trading day, the bank will not acquire shares corresponding to more than 25% of the average daily share turnover on the trading platform on which the acquisition is made. The average daily turnover will be calculated based on the average daily trading volume on the 20 trading days leading up to any purchase date. If necessary and legally permissible, the share buyback programme may be suspended and resumed at any time. Information on transactions associated with the share buyback programme will be published appropriately in both detailed and aggregated form no later than at the end of the seventh trading day after the day on which such transactions are executed. Furthermore, RWE Aktiengesellschaft will report on the course of the share buyback programme on www.rwe.com in compliance with statutory regulations and ensure that this information remains available to the public for at least five years from the date of the announcement. Essen, November 2020 RWE Aktiengesellschaft The Executive Board
12.11.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | RWE Aktiengesellschaft |
| RWE Platz 1 | |
| 45141 Essen | |
| Germany | |
| Internet: | www.rwe.com |
| End of News | DGAP News Service |
1147754 12.11.2020
